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A Cattle Current market update for May 1 reports negotiated fed cattle cash trade at $93.75-$100 across regions, with boxed beef up double digits. Live cattle futures firmed after an executive order kept meatpacking plants open.
Firming futures and strong wholesale beef values support cattle prices, though executive order-driven plant operation outlook is uncertain.
cattlecurrent.comWLIMay 1, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Live cattle futures firmed after the executive order kept plants open, and cash trade and boxed beef rose, which fed through to feeder cattle futures.
Futures firmed and cash trade improved after the executive order kept plants open, which supported the early-May recovery in live cattle.
